Open:
High:
Low:
Close:
PENNANT
Litecoin
LTC/USD
4H
We can see that a pennant happens, ltcusd needs a more strong move for clear breakout confirmation.
In case if price breaks down, the move could predict prices are likely to keep falling downward.
Ltcusd pulls away from recent highs towards 67.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
A descending triangle comes out and ltcusd requires a bigger bullish move to confirm descending triangle breakout.
A descending triangle often indicates a bullish move once price breaks above resistance.
Ltcusd risks a move to 69 on a breakout of the descending triangle.
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge revealed, the price is about to break out.
A falling wedge can be thought of as a specific bullish chart pattern that is angled down that can be used to signal a potential reversal in price action in case if price breaks out to the the upside.
Ltcusd risks a move towards the 69 mark.
DESCENDING TRIANGLE
Litecoin
LTC/USD
4H
It looks like a descending triangle happens and the price requires a strong impulse up as a clue of a breakout.
A descending triangle often predicts that the price will rally further when price breaks above resistance.
Ltcusd risks a move towards 70 once above 68.5.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle emerging and the price requests a further bigger move as a clue of a breakout.
If price breakdown occurs, the move could identify a bearish price action.
Ltcusd risks suffer setback to 68 on a breach of 68.3.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is a descending triangle discovered and the price lacks a bullish impulse as a clue of a breakout.
A descending triangle typically identifies extending an uptrend in case if price breaks above resistance.
Ltcusd to strengthen to 69 once beyond 68.2.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
As we can see an ascending triangle is spotted, ltcusd expects a bigger move for clear breakout confirmation.
An ascending triangle is said to depict a bearish price formation that often signals a sharp decline when price breaks down.
Ltcusd to move downward towards 67 as door open for the continuation of the downtrend.
RISING WEDGE
Litecoin
LTC/USD
1H
There is a rising wedge diagnosed.
A rising wedge typically signals that the price to go down when price breaks out.
It is likely that a bearish continuation towards 68 will take place.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see a descending channel comes out.
A descending channel suggests a formation that is used to predict a downward trend is about to reverse into an upnward trend if price breaks through the resistance.
There is a chance of a bullish price action towards 70.
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